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Positive macroeconomic statistics from the United States

Positive macroeconomic statistics from the United States | 08 June 2022

08 June 2022, USD/JPY

USDJPY trading plan:

The U.S. trade deficit narrowed by the most in nearly 9-1/2 years in April as exports jumped to a record high, putting trade on course to contribute to economic growth this quarter. The trade deficit dropped 19.1%, the largest decline since December 2012, to $87.1 billion. Data for March was revised to show the trade deficit deteriorating to a record high of $107.7 billion instead of the previously reported $109.8 billion. Growth estimates for the second quarter are as high as a 4.8% rate. April's trade deficit is about $7.5 billion below the average for the first quarter. Exports of services increased $2.4 billion to $76.5 billion, lifted by gains in both travel and transport.

Investment idea: buy 132.55 and take profit 133.05.

David Johnson
Analyst of «FreshForex» company
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